Nocil Ltd
NSE:NOCIL
Nocil Ltd
NOCIL Ltd. engages in the business of manufacturing and trading of organic chemicals. The company is headquartered in Mumbai, Maharashtra and currently employs 675 full-time employees. The firm offers its products in various categories, such as antidegradants / antioxidants, accelerators, pre-vulcanization inhibitor and post vulcanization stabilizer. The Company’s products include PILFLEX 13, PILNOX TDQ, PILNOX TDQ (HP), PILNOX SP, PILCURE MBT, PILCURE MBTS, PILCURE ZMBT, PILCURE F, PILCURE CBS, PILCURE NS, PILCURE MOR, PILCURE TMT, PILCURE ZDC, PILCURE ZDBC, PILCURE SDBC, PILCURE ZBZDC, PILGARD PVI and PILCURE DHTS. The products manufactured by the Company are used by the tire industry and other rubber processing industries. The company has manufacturing facilities at TTC Industrial Area in Thane, Maharashtra and at Dahej, Gujarat. Its subsidiary includes PIL Chemicals Limited, which is engaged in processing of rubber chemical products.
NOCIL Ltd. engages in the business of manufacturing and trading of organic chemicals. The company is headquartered in Mumbai, Maharashtra and currently employs 675 full-time employees. The firm offers its products in various categories, such as antidegradants / antioxidants, accelerators, pre-vulcanization inhibitor and post vulcanization stabilizer. The Company’s products include PILFLEX 13, PILNOX TDQ, PILNOX TDQ (HP), PILNOX SP, PILCURE MBT, PILCURE MBTS, PILCURE ZMBT, PILCURE F, PILCURE CBS, PILCURE NS, PILCURE MOR, PILCURE TMT, PILCURE ZDC, PILCURE ZDBC, PILCURE SDBC, PILCURE ZBZDC, PILGARD PVI and PILCURE DHTS. The products manufactured by the Company are used by the tire industry and other rubber processing industries. The company has manufacturing facilities at TTC Industrial Area in Thane, Maharashtra and at Dahej, Gujarat. Its subsidiary includes PIL Chemicals Limited, which is engaged in processing of rubber chemical products.
Revenue: Q3 FY '26 revenue was INR 316 crores, down INR 5 crores sequentially due to lower price realizations amid competitive pressures and import dumping.
Domestic Growth: Domestic volumes grew at a high single-digit rate, offsetting a decline in exports; overall sales volumes increased 1% QoQ.
Margins: EBITDA margin improved to 8.5% in Q3 from prior periods, with operating EBITDA at INR 27 crores, up from INR 22 crores in Q2.
Export Headwinds: Export volumes declined, mainly due to U.S. tariffs and seasonal effects, though recovery is expected as U.S. tariffs ease.
FY '27 Outlook: Management expects double-digit volume growth in FY '27 as trade agreements with the U.S. and EU take effect and new capacity ramps up.
Antidumping Actions: Antidumping investigations are ongoing against imports from China, EU, U.S., Korea, and Thailand; findings expected within 1–2 months.
Cost Controls: Significant savings achieved through working capital management and operational efficiencies, with further cost initiatives underway.
